Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Bought by Seven Post Investment Office LP

Seven Post Investment Office LP lifted its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 0.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 183,520 shares of the real estate investment trust’s stock after acquiring an additional 1,262 shares during the period. Equity LifeStyle Properties accounts for 3.3% of Seven Post Investment Office LP’s portfolio, making the stock its 7th biggest holding. Seven Post Investment Office LP’s holdings in Equity LifeStyle Properties were worth $12,946,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Equity LifeStyle Properties in the 4th quarter worth about $35,000. Headlands Technologies LLC boosted its position in shares of Equity LifeStyle Properties by 143.8% during the fourth quarter. Headlands Technologies LLC now owns 624 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 368 shares during the period. Lindbrook Capital LLC boosted its position in shares of Equity LifeStyle Properties by 40.5% during the fourth quarter. Lindbrook Capital LLC now owns 631 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 182 shares during the period. GAMMA Investing LLC bought a new position in Equity LifeStyle Properties in the 4th quarter worth approximately $44,000. Finally, Anchor Investment Management LLC acquired a new stake in Equity LifeStyle Properties in the 4th quarter valued at approximately $47,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity LifeStyle Properties Trading Up 0.3 %

Shares of NYSE ELS traded up $0.17 during mid-day trading on Friday, hitting $63.33. 1,451,517 shares of the company traded hands, compared to its average volume of 1,537,669. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.33. Equity LifeStyle Properties, Inc. has a 1 year low of $59.82 and a 1 year high of $74.04. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of 34.61, a PEG ratio of 3.73 and a beta of 0.70. The business has a 50 day moving average of $63.91 and a two-hundred day moving average of $66.94.

Equity LifeStyle Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a $0.477 dividend. This represents a $1.91 annualized dividend and a yield of 3.01%. The ex-dividend date is Friday, June 28th. Equity LifeStyle Properties’s dividend payout ratio is currently 104.37%.

Analyst Ratings Changes

A number of brokerages have recently commented on ELS. Truist Financial lowered their price target on Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating on the stock in a report on Thursday. Barclays dropped their price target on shares of Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating on the stock in a research report on Friday, April 26th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Equity LifeStyle Properties in a report on Tuesday, January 30th. They issued a “hold” rating and a $64.00 price objective for the company. Royal Bank of Canada reissued a “sector perform” rating and set a $70.00 target price on shares of Equity LifeStyle Properties in a report on Wednesday, January 31st. Finally, Wolfe Research upgraded Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 target price for the company in a research report on Friday, February 9th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $68.85.

Equity LifeStyle Properties Profile

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.